Ted Oakley, Managing Partner and Founder of Oxbow Advisors, joins Julia La Roche on episode 191 to discuss the economy and markets.
With more than forty years of experience in advising high-net-worth clients in the investment industry, Oakley implements the firm’s proprietary investment strategies and the “Oxbow Principles” to provide a unique investment perspective.
He is a frequent guest on FOX Business News, Bloomberg Radio, KITCO News, Cheddar TV, Yahoo Finance, and many more. Oakley is a Chartered Financial Analyst (CFA) and a Certified Financial Planner (CFP). He is a member of the Austin Society of Financial Analysts. He is also a Partner of Herndon Plant Oakley Ltd., an investment company. He is a Board Member of Texas State Aquarium, American Bank, and American Bank Holding Company. Mr. Oakley is a United States Army Veteran. Oakley began his career in Dallas, Texas, over 35 years ago. He is the author of nine books: You Sold Your Company, $20 Million and Broke, Rich Kids Broke Kids – The Failure of Traditional Estate Planning, Crazy Time – Surviving the First 12 Months after Selling Your Company, Wall Street Lies, Danger Time, My Story, The Psychology of Staying Rich, and Your Money Mentality. Oakley’s primary philanthropic interest is helping children. He is Chairman Emeritus and Founder of the Foster Angels of South Texas, the largest foster child foundation in South Texas, as well as Chairman Emeritus and Founder of Austin, Texas-based Foster Angels of Central Texas. Also, President and Founder of Advocates for Foster Children Foundation.
https://oxbowadvisors.com/
00:00 Introduction and welcome Ted Oakley
1:31 Macro picture, a slow disintegration
3:06 Federal Reserve
5:30 State of the Middle Class
7:00 A September rate cut?
08:32 Conversations with clients about the economy
11:31 The average person's exposure to stocks is too high, building balanced portfolios
15:30 Similarities/differences between 2000 and today
17:40 The evolution of the market and rise of passive investing
19:30 Cash position
21:20 10-Year Treasury
23:48 Opportunities — cutting back on tech stocks, investing in pharmaceuticals
25:20 Gold
27:20 When to sell your winners
31:25 Staying rich with a balanced portfolio
33:50 Second, third generation wealth
39:40 Best and worst years personally
